[{"data":1,"prerenderedAt":346},["ShallowReactive",2],{"api/learn-center-post-en-what-is-yield-farming":3,"footer-en":56,"learn/web3/what-is-yield-farming-en-seo":254,"navigation-en-learn-center":259,"api/learn-categories-en":307},{"seo":4,"locale":28,"breadcrumbs":29,"excerpt":37,"featuredImage":38,"components":39,"title":5,"formattedPublishedAt":50,"geofencings":51,"category":52,"pagination":54,"campaignExternalId":8},{"title":5,"metaTitle":6,"metaDescription":7,"keywords":8,"metaRobots":8,"structuredData":9,"metaImage":10,"metaSocial":18,"canonicalURL":8,"localizations":19},"What Is Yield Farming? A Beginner's Guide to Earning Crypto Rewards ","What Is Yield Farming? A Beginner's Guide to Earning Crypto Rewards","What is yield farming? How does yield farming work? Read our guide to yield farming on Bitstamp by Robinhood – the original crypto exchange.",null,{},{"url":11,"mime":12,"ext":13,"width":14,"height":15,"name":16,"alt":17},"bitstampImageUrl/What_is_yield_farmingpng_2a30dd229f_af8d14fcc1.png","image/png",".png",1920,1080,"What_is_yield_farmingpng_2a30dd229f.png","",[],[20,23,26],{"pathname":21,"locale":22},"/en-gb/learn/web3/what-is-yield-farming/","en-GB",{"pathname":24,"locale":25},"/es/learn/web3/what-is-yield-farming/","es",{"pathname":27,"locale":28},"/learn/web3/what-is-yield-farming/","en",[30,34],{"id":31,"text":32,"url":31,"asUrl":33},"/learn/web3/","Web3",true,{"id":35,"text":5,"url":27,"asUrl":36},"what-is-yield-farming",false,"\u003Cp>Yield farming is the use of cryptocurrencies to generate, earn, and collect crypto rewards.\u003C/p>\n",{"url":11,"mime":12,"ext":13,"width":14,"height":15,"name":16,"alt":17},[40],{"component":41,"props":42,"content":43,"secondaryContent":47,"ctas":48,"secondaryCtas":49,"ctasNoMarginTop":36},"section.full-text",{"centered":36,"withoutSectionContainer":36},{"text":44,"width":45,"align":46},"\u003Cp>In more familiar terms, yield farming allows investors to earn \u003Ca href=\"https://www.bitstamp.net/learn/crypto-101/what-is-cryptocurrency/\">crypto\u003C/a> like one might earn interest on money in a bank savings account. \u003C/p>\n\u003Cp>However, the term yield farming implies a more active process. Though the term originally described the metaphorical process of “planting” crypto in a protocol to “grow” and then “harvest” the earned crypto, it also conveniently describes how many DeFi users mimic the behavior of real farmers by rotating their crops.  \u003C/p>\n\u003Cp>These yields are typically measured as Annual Percentage Rate (APR) or Annual Percentage Yield (APY), with APY accounting for \u003Ca href=\"https://www.bitstamp.net/learn/crypto-trading/what-is-compound-interest/\">compounding interest\u003C/a>. \u003C/p>\n\u003Ch2>How does yield farming work?\u003C/h2>\n\u003Cp>Yield farming consists of ‘farmers’ using their funds in one of three main methods. \u003C/p>\n\u003Ch3>Staking\u003C/h3>\n\u003Cp>\u003Ca href=\"https://www.bitstamp.net/learn/blockchain/what-is-staking/\">Staking\u003C/a> is the process of allocating cryptocurrency to a Proof of Stake network—like \u003Ca href=\"https://www.bitstamp.net/learn/cryptocurrency-guide/what-is-ethereum-eth/\">Ethereum\u003C/a>, \u003Ca href=\"https://www.bitstamp.net/learn/cryptocurrency-guide/what-is-cardano-ada/\">Cardano\u003C/a>, or \u003Ca href=\"https://www.bitstamp.net/learn/cryptocurrency-guide/what-is-solana-sol/\">Solana\u003C/a>—to secure the blockchain, validate transactions on the network and earn rewards. \u003C/p>\n\u003Cul>\n\u003Cli>Benefits: Reliable and consistent returns. \u003C/li>\n\u003Cli>Limitations: Staked assets may have a lock-up period, meaning it could take days or weeks to unstake coins after deciding to withdraw the funds.\u003C/li>\n\u003C/ul>\n\u003Ch3>Lending\u003C/h3>\n\u003Cp>\u003Ca href=\"https://www.bitstamp.net/learn/web3/what-is-decentralized-lending-and-borrowing/\">Lending cryptocurrencies\u003C/a> to other users is a common practice in \u003Ca href=\"https://www.bitstamp.net/learn/web3/what-is-decentralized-finance-defi/\">DeFi\u003C/a>. By \u003Ca href=\"https://www.bitstamp.net/learn/crypto-trading/what-is-crypto-lending/\">lending\u003C/a> tokens to borrowers through platforms like \u003Ca href=\"https://www.bitstamp.net/learn/cryptocurrency-guide/what-is-makerdao-mkr/\">Maker\u003C/a> or \u003Ca href=\"https://www.bitstamp.net/learn/cryptocurrency-guide/what-is-aave/\">Aave\u003C/a>, farmers earn the right to collect interest from them. \u003C/p>\n\u003Cp>This mirrors the traditional financial system, but the rates are set almost exclusively by supply-and-demand dynamics rather than by third party institutions. \u003C/p>\n\u003Ch3>Providing liquidity\u003C/h3>\n\u003Cp>On DEXs that use an automated market making (AMM) system (like Uniswap or Curve), \u003Ca href=\"https://www.bitstamp.net/learn/crypto-trading/what-is-liquidity/\">liquidity\u003C/a> providers deposit assets into \u003Ca href=\"https://www.bitstamp.net/learn/web3/what-are-liquidity-pools/\">liquidity pools\u003C/a> for traders to swap against, while paying a small fee for the service. These fees are then distributed to all liquidity providers. \u003C/p>\n\u003Cp>Liquidity pool rewards can be paid in the form of pool assets (e.g., \u003Ca href=\"https://www.bitstamp.net/learn/cryptocurrency-guide/what-is-the-dai-stablecoin/\">DAI\u003C/a> in an ETH/DAI pool), or in the form of a platform’s unique token (e.g., \u003Ca href=\"https://www.bitstamp.net/learn/cryptocurrency-guide/what-is-uniswap-uni/\">UNI for Uniswap\u003C/a>). Some protocols even issue liquidity provider (LP) tokens to depositors, and these LP tokens can be staked on the platform for compounded rewards. \u003C/p>\n\u003Ch2>Where does the yield come from?\u003C/h2>\n\u003Cp>Yield is typically generated through a combination of: \u003C/p>\n\u003Cul>\n\u003Cli>Transaction fees earned by providing liquidity or staking assets. \u003C/li>\n\u003Cli>Protocol rewards distributed by DeFi platforms. \u003C/li>\n\u003Cli>Borrower interest through lending cryptocurrencies.\u003C/li>\n\u003C/ul>\n\u003Cp>In the early days of DeFi, platforms often supplemented organic rewards with venture capital funding to attract users, but this trend has shifted as the market matures. \u003C/p>\n\u003Ch3>The yield farming process: an example\u003C/h3>\n\u003Cp>Imagine a lending protocol that offers 5% APY on the DAI \u003Ca href=\"https://www.bitstamp.net/learn/crypto-101/what-are-stablecoins/\">stablecoin\u003C/a>. A user can deposit 100 DAI to take advantage of that yield.  \u003C/p>\n\u003Cp>However, they learn that a DEX offers 8.5% APY for DAI deposited into a liquidity pool. Because the user wants to optimize their crypto rewards, they move their 100 DAI from the lending protocol to the DEX.  \u003C/p>\n\u003Cp>If the DEX’s DAI APY ever goes below 5%, they can rotate their original purchases, plus earnings, back into the lending protocol. In doing so, they become a yield farmer. \u003C/p>\n\u003Ch2>Popular Platforms for Yield Farming\u003C/h2>\n\u003Ch3>Staking platforms\u003C/h3>\n\u003Cul>\n\u003Cli>Blockchains: Ethereum, Cardano, \u003Ca href=\"https://www.bitstamp.net/learn/cryptocurrency-guide/what-is-polkadot-dot/\">Polkadot\u003C/a>, Solana, \u003Ca href=\"https://www.bitstamp.net/learn/cryptocurrency-guide/what-is-polygon-matic/\">Polygon\u003C/a>, \u003Ca href=\"https://www.bitstamp.net/learn/cryptocurrency-guide/what-is-avalanche-avax/\">Avalanche\u003C/a>. \u003C/li>\n\u003Cli>Methods: Direct interaction with \u003Ca href=\"https://www.bitstamp.net/learn/crypto-101/what-are-smart-contracts/\">smart contracts\u003C/a> or staking via \u003Ca href=\"https://www.bitstamp.net/learn/crypto-101/how-to-choose-the-right-crypto-wallet/\">wallets\u003C/a>.\u003C/li>\n\u003C/ul>\n\u003Ch3>Lending platforms\u003C/h3>\n\u003Cul>\n\u003Cli>\u003Ca href=\"https://www.bitstamp.net/learn/crypto-101/what-are-decentralized-applications-dapps/\">Decentralized applications (dApps)\u003C/a>: Maker and Aave.\u003C/li>\n\u003C/ul>\n\u003Ch3>Liquidity providers on DEXs\u003C/h3>\n\u003Cul>\n\u003Cli>Uniswap: AMM platform rewarding liquidity providers with UNI tokens. \u003C/li>\n\u003Cli>\u003Ca href=\"https://www.bitstamp.net/learn/cryptocurrency-guide/what-is-curve-finance-crv/\">Curve\u003C/a>: Focuses on stablecoins with high liquidity and low slippage. \u003C/li>\n\u003Cli>Others: \u003Ca href=\"https://www.bitstamp.net/learn/cryptocurrency-guide/what-is-sushiswap-sushi/\">SushiSwap\u003C/a>, \u003Ca href=\"https://www.bitstamp.net/learn/cryptocurrency-guide/what-is-compound-comp/\">Compound\u003C/a>, Balancer.\u003C/li>\n\u003C/ul>\n\u003Ch3>Yield aggregators\u003C/h3>\n\u003Cul>\n\u003Cli>DappRadar: Tracks and categorizes dApps by blockchain and type. \u003C/li>\n\u003Cli>DeFi Llama & DeFi Pulse: Monitor Total Value Locked (TVL) and yield opportunities across DeFi platforms.\u003C/li>\n\u003C/ul>\n\u003Ch2>Yield farming essentials\u003C/h2>\n\u003Cul>\n\u003Cli>Yield farming involves using cryptocurrencies to generate rewards, similar to earning interest in a bank. It includes methods like staking, lending, and providing liquidity, offering opportunities for reliable returns and active asset management. \u003C/li>\n\u003Cli>Farmers earn yield through transaction fees, protocol rewards, or borrower interest. Methods include staking assets to secure blockchains, lending to collect interest, and providing liquidity on decentralized exchanges (DEXs) for trading fees. \u003C/li>\n\u003Cli>Yield farming opportunities are found on staking platforms like Ethereum and Solana, lending platforms like Aave and Maker, and DEXs like Uniswap and Curve. Yield aggregators like DeFi Llama and DappRadar help users track and optimize opportunities.\u003C/li>\n\u003C/ul>\n","full","left",{"text":17},[],[],"December 13th, 2022",{},{"title":32,"url":31,"geofencings":53},{},{"previous":55,"next":8},"/learn/web3/what-is-web3/",{"ready":33,"sections":57,"disclaimer":252,"copyright":253},[58,101,129,152,189,208],{"title":59,"content":17,"items":60},"About",[61,66,71,76,81,86,91,96],{"noFollow":33,"isExternal":36,"name":62,"value":63,"isEmail":36,"isPhoneNumber":36,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":64,"geofencings":65},"Who We 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Kingdom",{},{},{"title":209,"content":17,"items":210},"Contact",[211,216,220,224,228,232,237,242,247],{"noFollow":36,"isExternal":36,"name":212,"value":213,"isEmail":36,"isPhoneNumber":36,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":214,"geofencings":215},"Customer 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20 3868 9628","+442038689628",{},{},{"noFollow":36,"isExternal":36,"name":238,"value":239,"isEmail":36,"isPhoneNumber":33,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":240,"geofencings":241},"+1 800 712 5702","+18007125702",{},{},{"noFollow":36,"isExternal":36,"name":243,"value":244,"isEmail":36,"isPhoneNumber":33,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":245,"geofencings":246},"+352 20 88 10 96","+35220881096",{},{},{"noFollow":36,"isExternal":36,"name":248,"value":249,"isEmail":36,"isPhoneNumber":33,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":250,"geofencings":251},"+65 3105 1676","+6531051676",{},{},"\u003Cp>Please read the general \u003Ca href=\"/legal/risk-warning/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Risk Warning\u003C/a>, and \u003Ca href=\"/legal/uk-investment-risk-warning/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Risk Summary\u003C/a> for UK residents before investing in crypto-assets. \u003C/p>\n\u003Cp>Crypto-assets services are provided by the following Bitstamp legal entities depending on client residency: (1) Bitstamp Europe S.A., which is authorized by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg as a payment institution (licence number Z00000012) and crypto-asset service provider (licence number N00000003); Registered address: 40, avenue Monterey, L-2163 Luxembourg, Grand Duchy of Luxembourg; Registration number: B196856; (2) Bitstamp UK Ltd., which is registered with the Financial Conduct Authority (FCA) in the UK for the provision of certain cryptoassets activities under the Money Laundering Regulations (Firm Reference Number 978690); Registered address: 5 New Street Square, EC4A 3TW London, United Kingdom; Registration number: 14174243; (3) Bitstamp Ltd.with its registered address at 5 New Street Square, EC4A 3TW London, United Kingdom and registration number: 8157033; (4) Bitstamp Global Ltd., which is registered as a Virtual Asset Service Provider in the British Virgin Islands and is supervised by the British Virgin Islands Financial Services Commission (FSC); Registered address: Floor 4, Banco Popular Building, Road Town, Tortola VG1110, British Virgin Islands; Registered number: 2086429; and (5) Bitstamp Asia Pte Ltd, which is authorized by the Monetary Authority of Singapore (MAS) as a major payment institution (licence number PS20200667); Registered address: 63 Chulia Street, OCBC Centre East, #15-01, Singapore 049514; Registered number: 202016687K;\u003C/p>\n\u003Cp>Virtual currency services to US residents are provided by Bitstamp USA, Inc., which is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Licensed as a Money Transmitter by the New York State Department of Financial Services. Review a \u003Ca href=\"/legal/usa-inc/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">list of its licenses and other registrations\u003C/a> (NMLS number \u003Ca href=\"https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1905429\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">1905429\u003C/a>) for more information; Registered address: 85 Willow Road, Menlo Park, CA 94025, United States of America; Registered number: 5481543.\u003C/p>\n\u003Cp>Investment services with regards to trading in crypto derivatives are provided by Bitstamp Financial Services Ltd., which is authorized and supervised by the Slovenian Securities Market Agency (ATVP) as a MiFiD investment firm. Trading crypto derivatives carries significant risks and may result in substantial losses. Please trade responsibly and ensure you understand the associated risks. You can find more about the risks \u003Ca href=\"/legal/financial-services/general-terms-and-conditions/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">here\u003C/a>. To help you understand the risks involved we have put together a series of \u003Ca href=\"/derivatives/key-information-documents/\" target=\"_blank\" rel=\"noopener noreferrer\">Key Information Documents (KIDs)\u003C/a> highlighting the risks and rewards related to each derivatives contract. Crypto derivatives trading is not available to customers in the US, Canada, Japan and some other countries. Bitstamp Financial Services Ltd. does not provide crypto-asset services.\u003C/p>\n\u003Cp>To find out more about which Bitstamp entity you receive services from, please check the Profile/My information in your Bitstamp account. You can read more about our legal terms, policies and disclosures \u003Ca href=\"/legal/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">here\u003C/a>.\u003C/p>\n","\u003Cp>All rights reserved © 2026 Bitstamp by Robinhood. \u003Ca href=\"https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1905429\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">NMLS #1905429\u003C/a>\u003C/p>\n",{"description":7,"ogDescription":7,"ogImage":255,"twitterImage":255,"twitterSite":256,"twitterCreator":256,"twitterCard":257,"twitterTitle":6,"twitterDescription":7,"titleTemplate":258},"https://assets.bitstamp.net/msc/_ipx/enlarge_true&f_png&fit_cover&q_85&s_1200x630/bitstampImageUrl/What_is_yield_farmingpng_2a30dd229f_af8d14fcc1.png","@Bitstamp","summary_large_image","%s",{"items":260,"ready":33,"platformButtonText":303,"backButtonText":304,"logInButtonText":305,"signUpButtonText":306},[261,265,269,272,275,278,281,286,289,294,299],{"headerName":262,"sidemenuName":133,"url":134,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":263,"submenu":264,"tag":17},"Institutions",{},[],{"headerName":125,"sidemenuName":125,"url":126,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":266,"submenu":267,"tag":268},{},[],"NEW",{"headerName":148,"sidemenuName":148,"url":149,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":270,"submenu":271,"tag":17},{},[],{"headerName":105,"sidemenuName":105,"url":106,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":273,"submenu":274,"tag":17},{},[],{"headerName":115,"sidemenuName":115,"url":116,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":276,"submenu":277,"tag":17},{},[],{"headerName":120,"sidemenuName":120,"url":121,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":279,"submenu":280,"tag":17},{"geofencing-uk":33},[],{"headerName":282,"sidemenuName":282,"url":283,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":284,"submenu":285,"tag":17},"Markets","/markets/",{},[],{"headerName":110,"sidemenuName":110,"url":111,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":287,"submenu":288,"tag":17},{},[],{"headerName":290,"sidemenuName":290,"url":291,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":292,"submenu":293,"tag":17},"Blog","https://blog.bitstamp.net/",{},[],{"headerName":295,"sidemenuName":295,"url":296,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":297,"submenu":298,"tag":17},"Learn","/learn/",{},[],{"headerName":300,"sidemenuName":300,"url":106,"noFollow":36,"showInHeader":36,"showInSidemenu":33,"geofencings":301,"submenu":302,"tag":17},"Get Bitstamp by Robinhood app",{},[],"Go to platform","Back","Log in","Get started",[308,312,316,320,324,328,332,336,340,344],{"title":309,"url":310,"geofencings":311},"Blockchain technology","/learn/blockchain/",{},{"title":313,"url":314,"geofencings":315},"Company profiles","/learn/company-profiles/",{},{"title":317,"url":318,"geofencings":319},"Crypto 101","/learn/crypto-101/",{},{"title":321,"url":322,"geofencings":323},"Crypto definitions","/learn/crypto-definitions/",{},{"title":325,"url":326,"geofencings":327},"Crypto trading","/learn/crypto-trading/",{},{"title":329,"url":330,"geofencings":331},"Cryptocurrency guide","/learn/cryptocurrency-guide/",{"geofencing-uk":33},{"title":333,"url":334,"geofencings":335},"People profiles","/learn/people-profiles/",{},{"title":337,"url":338,"geofencings":339},"Security","/learn/security/",{},{"title":341,"url":342,"geofencings":343},"Tutorials","/learn/bitstamp-tutorials/",{},{"title":32,"url":31,"geofencings":345},{},1778966631722]